The diversion of development aid to the recipient's military may be one explanation why aid is often found to be ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid on military expenditure. Using a new instrumental...

The teaching of economic history is in decline in our schools and universities. Yet much can be learned from the ananlysis of historical economic events. In this paper, the author combines an analyis of the economic history of the nineteenth century railways and ICT booms with an explanation of...